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Nigerian Textile Industry Struggles Despite 106.7% Surge in Imports

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Spiraling inflation, forex crisis, comatose power stretching manufacturers to breaking point (II)

In this concluding part, EDIDIONG IKPOTO examines how policy somersault compounds manufacturing sector’s woes ....

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Spiraling inflation, forex crisis, comatose power stretching manufacturers to breaking point

In its half-yearly economic review for 2023, the Manufacturers Association of Nigeria identified forex illiquidity, inconsistent power supply, etc. ....

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Industries battle for survival as dollar hits N1,155

Industries in the country are battling for survival owing to the continued slide of the naira against the dollar, Daily Trust can report. The naira Thursday traded at between N1,150 and N1,155/dollar at the unregulated markets in Lagos and Abuja. At the official Investors & Exporters (I&E Window), it had earlier traded at N986 before… ....

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Manufacturers spend N60bn on alternative energy in six months – MAN

MAN, in its Half Yearly Economic Review, published recently, said that was 21.25 per cent from the N76.7bn spent on alternative energy in the same period in the prior. ....

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